China to build LNG terminal in Pakistan

China is to build a US$2.5 billion LNG terminal in the Balochistan province, and an Iran-Pakistan gas pipeline under the China-Pakistan Economic corridor project. Construction is expected to start in November 2016. The terminal will be able to process 500 million ft3/d.

"The dual projects will be completed at the cost of about US$2.5 billion, 85% of the investment will be done by the Chinese company while government of Pakistan will provide 15% of equity,” said Saulat.